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Botsford Voluntary Benefits Program

Universal Life Insurance

How It Can Help

When you buy Voluntary Universal Life Insurance, your protection includes:

• Death benefits up to $250,000 (lower amounts for children)
• Cash value that builds while you have the policy (with a current interest rate of 4% per year)
• Home health care, adult day care, assisted living facility, and nursing home benefits paid monthly as an accelerated death benefit at 4% of your base policy for up to 25 months
• Double your death benefit in the event of accidental death
• Optional features you can choose for extra coverage

Who Can Be Covered?

You may choose coverage for yourself, your spouse, your children and even your grandchildren. You may enroll your dependents even if you are not covered.

Special Features

There are many unique features about this coverage:

• Your rates are set when you enroll, unless you decide to change coverage
• You can use the policy's cash value during your lifetime
• You can receive a portion of the death benefit early in case of a terminal illness
• You can buy optional features that would automatically increase your coverage every year, waive premiums while you are disabled, or extend the time that home heath care, adult day care, assisted living facility, and nursing home benefits can be paid. Each option is available separately.

Enrolling for Coverage

You can enroll for coverage after you have completed 3 months of service as an eligible full-time employee, or 12 months of service as an eligible part-time employee.

Employees can apply for coverage during the annual voluntary benefits open enrollment period, typically in August of each year. For 2008, the open enrollment period is August 18 - 27, 2008. New hires that do not elect coverage during this enrollment period will have an opportunity to enroll the following year during the voluntary benefit annual enrollment period.

With respect to effective date, employees that enroll from August 18 - 27, 2008 will have an official policy effective date of November 1, 2008, however the insurance provider (Trustmark) will provide coverage from the employee's application date if the application is approved by Trustmark. For example, an employee that applies for coverage on August 22nd and is subsequently approved for coverage by Trustmark will have their coverage effective the date of application (August 22), however, their policy effective date will be November 1, 2008 for things such as annual notices, ez value increases, etc.

Universal Life Insurance is underwritten by Trustmark Insurance Company, Lake Forest, Illinois. Coverage is available to applicants who meet eligibility and Insurance requirements. For complete details of coverage including exclusions and limitations, refer to Plan UL.205 and HH/LTC.